Unemployment Hits 4.3%—Worse Than Expected

1. August unemployment rose to 4.3%, exceeding forecasts. 2. U.S. added only 22,000 jobs, far below expectations. 3. Fed likely to cut interest rates due to weak job growth. 4. Inflation data on September 11 will influence Fed's next decisions. 5. Job openings slightly outnumber unemployed persons for the first time since April 2021.